Netradyne, a San Diego, CA-based SaaS powered, artificial intelligence (A.I.) and edge computing company focused on driver and fleet safety, secured $65m in a combination of senior and junior mezzanine financing.
Silicon Valley Bank provided the financing.
The financial resources will help accelerate the company’s business momentum, to expand its international growth to Mexico, and four European countries including France, Germany, Italy, and Spain by early 2023, and further develop its product suite.
Led by Avneesh Agrawal, co-founder, and CEO, Netradyne leverages Artificial Intelligence and Edge Computing to provide fleet safety solutions to improve driver behavior and fleet performance. It collects and analyzes data points and meaningful information so customers can enhance safety, improve retention, increase profitability, and enable transparency.
In five years, Netradyne’s Driver•i advanced A.I. technology analyzed more than 5 billion driving miles and analyzed over 20 billion minutes, a technology learning equivalent to 38,000 years of training, increasing A.I. accuracy to 98% in core features.
The company is currently operating in the U.S., India, Canada, UK, Australia, and New Zealand.
FinSMEs
08/09/2022